Cross Timbers Royalty Trust (CRT) Cash Flow Statement
Where CRT’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $4.2M −22.5% vs 2024
- Capital expenditures
- $0 0.0% of revenue
- Free cash flow
- $4.2M 72.8% margin
- Returned to shareholders
- $4.5M 107% of free cash flow
- Change in cash
- −$274,920
Drawn to scale: where the cash came from and how it was used. Hover for values.
CRT operating cash flow, capex and free cash flow
CRT cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $5.7M2016 | $4.2M2025 | −3.3%/yr | |
| Capital expenditures | $02016 | $02025 | — | |
| Free cash flow | $5.7M2016 | $4.2M2025 | −3.3%/yr | |
| Free cash flow margin | 75.9%2016 | 72.8%2025 | −3.1 pts | |
| Operating cash flow / net income | 0.902016 | 0.942025 | +0.04 | |
| Dividends paid | $6.4M2016 | $4.5M2025 | −3.8%/yr | |
| Capex / revenue | 0.0%2016 | 0.0%2025 | 0.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CRT cash flow by activity
CRT net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
CRT cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $4.5M | $5.7M | $11.5M | $11.7M | $6.7M | $1.1M | $5.3M | $8.6M | $6.1M | $6.4M |
| Depreciation & amortization | $274,924 | $238,239 | $290,372 | $304,401 | $4.3M | $638,730 | $364,717 | — | −$592,466 | −$638,436 |
| Change in working capital | — | — | — | — | — | — | $1.0M | $1.0M | — | $725,000 |
| Other non-cash items | −$549,848 | −$476,477 | $12.48B | −$304,401 | −$2.4M | −$366.5M | −$1.7M | −$1.8M | $0 | −$725,000 |
| Cash from operating activities | $4.2M | $5.4M | $12.49B | $11.7M | $8.5M | −$364.7M | $4.9M | $7.8M | $5.5M | $5.7M |
| Investing activities | ||||||||||
| Capital expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing activities | ||||||||||
| Dividends paid | −$4.5M | −$5.7M | −$11.5M | −$11.7M | −$6.7M | −$4.7M | −$5.3M | −$8.6M | −$6.1M | −$6.4M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash from financing activities | −$4.5M | −$5.7M | −$11.5M | −$11.7M | −$6.7M | −$4.7M | −$5.3M | −$8.6M | −$6.1M | −$6.4M |
| Summary | ||||||||||
| Net change in cash | −$274,920 | −$238,240 | $12.49B | −$3.25B | $8.5M | −$364.7M | −$364,720 | −$784,820 | −$592,466 | −$638,436 |
| Cash at end of period | — | $2.43B | $12.49B | $11.7M | $8.5M | $8.16B | $1.2M | $685,010 | $9.3M | $9.9M |
| Free cash flow | $4.2M | $5.4M | $12.49B | $11.7M | $8.5M | −$364.7M | $4.9M | $7.8M | $5.5M | $5.7M |
| Free cash flow margin | 72.8% | 82.9% | 101,048.6% | 94.0% | 114.5% | −6,870.8% | 82.4% | 85.1% | 82.5% | 75.9% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | 0.94 | 0.96 | 1,081.90 | 1.00 | 1.28 | −319.16 | 0.93 | 0.91 | 0.90 | 0.90 |
| Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Mar '24 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||
| Net income | $1.4M | $453,318 | $892,548 | $1.8M | −$242.6M | $1.5M | $1.5M | $2.5M |
| Depreciation & amortization | $74,677 | — | — | — | $44,631 | $72,750 | $61,040 | $55,015 |
| Other non-cash items | $2.8M | $2.5M | $1.6M | −$86,628 | $248.0M | $2.6M | −$5.4M | −$2.4M |
| Cash from operating activities | $4.2M | $2.9M | $2.5M | $1.7M | $5.4M | $4.2M | −$3.8M | $110,030 |
| Investing activities | ||||||||
| Capital expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing activities | ||||||||
| Dividends paid | −$4.5M | −$3.1M | −$2.7M | −$1.8M | −$5.7M | −$4.4M | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $0 | $0 | $0 | $0 | $0 | $0 | — | — |
| Cash from financing activities | −$4.5M | −$3.1M | −$2.7M | −$1.8M | −$5.7M | −$4.4M | — | — |
| Summary | ||||||||
| Net change in cash | −$274,920 | −$200,250 | −$143,300 | −$86,630 | −$238,240 | −$193,610 | −$3.8M | $110,030 |
| Cash at end of period | — | — | — | — | — | — | −$3.7M | $110,030 |
| Free cash flow | $4.2M | $2.9M | $2.5M | $1.7M | $5.4M | $4.2M | −$3.8M | $110,030 |
| Free cash flow margin | 256.7% | 384.7% | 195.8% | 82.7% | 368.4% | 243.4% | −87.8% | 0.0% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | 3.10 | 6.46 | 2.84 | 0.95 | — | 2.74 | −2.57 | 0.04 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
CRT cash generation
In fiscal 2025 (ended December 31, 2025), Cross Timbers Royalty generated $4.2 million of cash from operations (down 22.5%) and spent $0 on capital expenditures, leaving free cash flow of $4.2 million, 72.8% of revenue. It returned $4.5 million to shareholders through dividends ($4.5 million) and net share buybacks ($0). Cash and equivalents fell by $0.3 million over the year.
Related: CRT income statement, CRT balance sheet, CRT dividend history. See the CRT stock overview for the latest quote and news.
CRT cash flow FAQ
What is Cross Timbers Royalty's free cash flow?
Cross Timbers Royalty's free cash flow was $4.2 million in fiscal 2025: $4.2 million of operating cash flow minus $0 of capital expenditures It was $5.4 million a year earlier..
How much cash does Cross Timbers Royalty generate from operations?
Cross Timbers Royalty generated $4.2 million of cash from operating activities in fiscal 2025, 0.94 times its net income of $4.5 million.
How much does Cross Timbers Royalty pay in dividends?
Cross Timbers Royalty paid $4.5 million in dividends in fiscal 2025, 106.5% of free cash flow.